IHT Wealth Management LLC Buys Shares of 7,218 Taylor Morrison Home Co. (NYSE:TMHC)

IHT Wealth Management LLC bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,218 shares of the construction company's stock, valued at approximately $442,000.

Several other large investors also recently bought and sold shares of the stock. Lord Abbett & CO. LLC increased its stake in shares of Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock worth $32,550,000 after buying an additional 11,302 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth $550,000. JPMorgan Chase & Co. increased its holdings in Taylor Morrison Home by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after buying an additional 156,793 shares during the last quarter. Finally, Financial Enhancement Group LLC purchased a new stake in Taylor Morrison Home during the 4th quarter worth about $5,840,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded up $0.47 during trading hours on Wednesday, hitting $57.40. 838,137 shares of the company were exchanged, compared to its average volume of 906,406. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $58.95 and a 200-day moving average of $63.80. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 6.93 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the business earned $1.75 EPS. The business's revenue was up 11.5% on a year-over-year basis. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on TMHC shares. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.86.

Insider Activity at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.